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Financials · UBSI

United Bankshares Inc. (UBSI) financials

For the twelve months ended Sep 30, 2026, United Bankshares Inc. reported $1.40B of revenue and $513.11M of net income.

Revenue, TTM
$1.40B
Revenue growth, YoY
+7.8%
Net income, TTM
$513.11M
Net income growth, YoY
+19.3%
Net margin
36.8%
Free cash flow, TTM
$550.18M
EPS, diluted, TTM
$3.69
EPS growth, YoY
+21.0%
Cash
$1.88B
P/E
12.54
P/S
4.61
Market cap
$6.44B
Annual revenue$1.24B
FY2016FY2025
Annual net income$464.60M
FY2016FY2025
Annual free cash flow$481.19M
FY2016FY2025

UBSI revenue and earnings growth

UBSI revenueQ3 2026$325.10M

Quarter YoY
+0.5%
QoQ
+0.4%
FY YoY
+19.6%
5Y CAGR
+3.4%
10Y CAGR
+10.5%

UBSI revenue was $325.10M in fiscal Q3 2026 (ended Sep 30, 2026), up 0.5% from a year earlier and up 0.4% from the prior quarter. For the full fiscal 2025 it was $1.24B, up 19.6% from fiscal 2024. Compound annual growth was +3.4% over 5 years and +10.5% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

UBSI net incomeQ3 2026$128.70M

Quarter YoY
-1.6%
QoQ
-2.0%
FY YoY
+24.6%
5Y CAGR
+10.0%
10Y CAGR
+12.9%

UBSI net income was $128.70M in fiscal Q3 2026 (ended Sep 30, 2026), down 1.6% from a year earlier and down 2.0% from the prior quarter. For the full fiscal 2025 it was $464.60M, up 24.6% from fiscal 2024. Compound annual growth was +10.0% over 5 years and +12.9% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

UBSI EPSQ3 2026$0.94

Quarter YoY
+2.2%
QoQ
-1.1%
FY YoY
+18.9%
5Y CAGR
+6.4%
10Y CAGR
+5.1%

UBSI diluted EPS was $0.94 in fiscal Q3 2026 (ended Sep 30, 2026), up 2.2% from a year earlier and down 1.1% from the prior quarter. For the full fiscal 2025 it was $3.27, up 18.9% from fiscal 2024. Compound annual growth was +6.4% over 5 years and +5.1% over 10 years.

UBSI free cash flowQ3 2026$162.67M

Quarter YoY
+11.1%
QoQ
+66.0%
FY YoY
+11.0%
5Y CAGR
+31.7%
10Y CAGR
+11.0%

UBSI free cash flow was $162.67M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.1% from a year earlier and up 66.0% from the prior quarter. For the full fiscal 2025 it was $481.19M, up 11.0% from fiscal 2024. Compound annual growth was +31.7% over 5 years and +11.0% over 10 years. It rose in 6 of the last 10 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.24B$1.03B$1.06B$1.05B$1.02B$1.04B$728.41M$717.36M$680.64M$495.36M
Interest expense--$481.40M$105.56M$52.38M$108.61M$184.64M$129.07M$74.81M$45.01M
Pre-tax income$583.40M$464.58M$463.81M$475.78M$462.85M$359.74M$324.44M$327.17M$284.83M$222.66M
Income tax$118.80M$91.58M$97.49M$96.16M$95.11M$70.72M$64.34M$70.82M$134.25M$75.58M
Net income$464.60M$373.00M$366.31M$379.63M$367.74M$289.02M$260.10M$256.34M$150.58M$147.08M
EPS, basic$3.28$2.76$2.72$2.81$2.84$2.40$2.55$2.46$1.54$2.00
EPS, diluted$3.27$2.75$2.71$2.80$2.83$2.40$2.55$2.45$1.54$1.99
Diluted shares141.8M135.2M134.8M135.1M129.5M120.1M101.9M104.3M97.9M73.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$2.54B$2.29B$1.60B$1.18B$3.76B$2.21B$837.49M--$1.43B
Goodwill$2.02B$1.89B$1.89B$1.89B$1.89B$1.80B$1.48B$1.48B$1.48B$863.77M
Total assets$33.66B$30.02B$29.93B$29.49B$29.33B$26.18B$19.66B$19.25B$19.06B$14.51B
Short-term debt$198.57M$176.09M$196.09M$160.70M$128.84M$142.30M$124.65M$176.63M$277.59M$209.55M
Total debt$531.82M$540.42M$1.79B$2.20B$817.39M$864.37M$1.84B$1.50B$1.36B$1.17B
Total liabilities$28.16B$25.03B$25.16B$24.97B$24.61B$21.89B$16.30B$16.00B$15.82B$12.27B
Shareholders' equity$5.50B$4.99B$4.77B$4.52B$4.72B$4.30B$3.36B$3.25B$3.24B$2.24B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$498.91M$445.45M$435.24M$760.82M$609.54M$140.45M$151.97M$294.04M$253.93M$170.73M
Capital expenditures$17.71M$12.13M$11.69M$16.86M$15.38M$19.02M$11.08M$5.78M$14.36M$7.27M
Free cash flow$481.19M$433.33M$423.55M$743.96M$594.16M$121.42M$140.88M$288.26M$239.57M$163.46M
Investing cash flow-$899.31M$571.49M$38.99M-$3.45B$15.65M$137.59M-$383.32M-$873.01M$266.68M$30.96M
Financing cash flow$650.41M-$323.64M-$51.94M$105.32M$923.91M$1.09B$48.45M-$66.79M-$288.97M$375.50M
Dividends paid$209.00M$200.73M$194.73M$193.04M$181.28M$162.71M$138.94M$142.35M$121.35M$96.35M
Share repurchases$126.99M$1.04M$1.38M$79.46M$11.21M$21.32M$35.67M$100.72M$1.0K$1.0K
Stock-based compensation$13.09M$12.13M$12.46M$9.88M$8.02M$5.98M$4.91M$4.07M$3.56M$2.82M
Depreciation and amortization-------$20.53M-$21.06M-$21.57M-$8.72M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY19.6%-1.9%0.5%2.8%-2.3%43.4%1.5%5.4%37.4%8.2%
Net income growth, YoY24.6%1.8%-3.5%3.2%27.2%11.1%1.5%70.2%2.4%6.6%
EPS growth, YoY18.9%1.5%-3.2%-1.1%17.9%-5.9%4.1%59.1%-22.6%0.5%
Net margin37.5%36.0%34.7%36.2%36.0%27.7%35.7%35.7%22.1%29.7%
Free cash flow margin38.9%41.9%40.1%70.9%58.2%11.6%19.3%40.2%35.2%33.0%
Return on equity8.5%7.5%7.7%8.4%7.8%6.7%7.7%7.9%4.6%6.6%
Return on assets1.4%1.2%1.2%1.3%1.3%1.1%1.3%1.3%0.8%1.0%
Debt to equity0.100.110.370.490.170.200.550.460.420.52

Source: XBRL data United Bankshares Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

UBSI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
UBSI$1.40B+7.8%$513.11M36.8%$6.44B
JPM$203.15B+13.2%$65.98B32.5%$910.40B
BAC$120.16B+5.4%$32.24B26.8%$348.53B
WFC$87.23B+5.4%$22.97B26.3%$257.44B
C$85.22B+5.6%$14.31B16.8%$205.34B
UBS$49.57B+2.0%$7.80B15.7%$150.33B
MFG¥8.79T+7.6%¥1.16T13.2%$126.05B
COF$63.01B+31.2%$10.87B17.2%$116.45B
BNSC$37.74B+12.1%C$7.79B20.6%$113.67B

UBSI FAQ

8 questions
  • What is UBSI revenue?
    United Bankshares Inc. (UBSI) reported $1.40B of revenue for the twelve months ended Sep 30, 2026. That is up 7.8% from the year before. Revenue for fiscal 2025 was $1.24B.
  • Is UBSI profitable?
    Yes. United Bankshares Inc. earned $513.11M in net income for the twelve months ended Sep 30, 2026, a net margin of 36.8%.
  • How much cash and debt does UBSI have?
    United Bankshares Inc. reported $1.88B in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is UBSI revenue growing?
    United Bankshares Inc.'s revenue changed +19.6% in fiscal 2025, to $1.24B. Its compound annual growth rate was +3.4% over 5 years and +10.5% over 10 years.
  • What is UBSI free cash flow?
    United Bankshares Inc. generated $550.18M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $572.67M less capital expenditures.
  • What is UBSI earnings per share?
    Diluted earnings per share were $3.69 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did UBSI last report financial results?
    The latest statements here come from United Bankshares Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this UBSI financial data come from?
    Quantisnow builds these statements from the structured XBRL data United Bankshares Inc. files with the SEC. It is provided for information only and is not investment advice.